As you know HUI is the 'gold bugs index' of mining companies.
As a sector the miners have been hammered.
This is quite a divergence.
The Gold/Silver Ratio is also at rather high levels.
“You are from your father, the devil,
and you choose to carry out your father’s desires.
He was a murderer from the beginning,
and he does not abide by the truth,
for there is no truth in him.
When he lies,
he speaks in accord with his own nature,
for he is a liar
and the father of lies."
John 8:44